Prepare Blue November entry

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Reference no: EM132616376

Question - Blue Family Importers sold goods to Tung Decorators for $31,800 on November 1, 2020, accepting Tung's $31,800, 6-month, 6% note.

Required - Prepare Blue's November 1 entry, December 31 annual adjusting entry, and May 1 entry for the collection of the note and interest.

Reference no: EM132616376

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